First Trust Multi-Manager Small Cap Opportunities ETF (NYSEARCA:MMSC) Sees Large Drop in Short Interest

First Trust Multi-Manager Small Cap Opportunities ETF (NYSEARCA:MMSC) saw a large decrease in short interest in September. As of September 15th, there was short interest totaling 1,063 shares, a decrease of 85.3% from the August 31st total of 7,222 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 4,705 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On First Trust Multi-Manager Small Cap Opportunities ETF

An institutional investor recently raised its stake in First Trust Multi-Manager Small Cap Opportunities ETF stock. Cetera Investment Advisers increased its position in shares of First Trust Multi-Manager Small Cap Opportunities ETF (NYSEARCA:MMSC) by 96.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 143,888 shares of the company’s stock after acquiring an additional 70,651 shares during the quarter. Cetera Investment Advisers owned about 7.99% of First Trust Multi-Manager Small Cap Opportunities ETF worth $3,411,000 at the end of the most recent quarter.

First Trust Multi-Manager Small Cap Opportunities ETF Stock Performance

Shares of MMSC traded up $0.14 during mid-day trading on Friday, hitting $27.09. The company’s stock had a trading volume of 1,753 shares, compared to its average volume of 7,990. First Trust Multi-Manager Small Cap Opportunities ETF has a one year low of $22.18 and a one year high of $29.62. The stock’s 50-day moving average is $27.85 and its two-hundred day moving average is $27.14. The firm has a market capitalization of $52.82 million, a PE ratio of 33.47 and a beta of 1.17.

First Trust Multi-Manager Small Cap Opportunities ETF Company Profile

The First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed ETF that utilizes a multi-manager approach to provide exposure to small-cap US growth stocks. MMSC was launched on Oct 13, 2021 and is managed by First Trust.